Entergy Corporation $ETR Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its stake in Entergy Corporation (NYSE:ETR) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,564 shares of the utilities provider’s stock after purchasing an additional 8,692 shares during the quarter. Benjamin Edwards Inc.’s holdings in Entergy were worth $8,679,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in shares of Entergy in the 2nd quarter valued at $28,000. Pingora Partners LLC acquired a new position in shares of Entergy in the second quarter valued at about $30,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Entergy in the first quarter worth about $30,000. Fairway Wealth LLC acquired a new stake in shares of Entergy during the first quarter worth about $30,000. Finally, Washington Trust Advisors Inc. boosted its position in Entergy by 119.4% in the fourth quarter. Washington Trust Advisors Inc. now owns 283 shares of the utilities provider’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Entergy Stock Performance

Shares of NYSE ETR opened at $105.77 on Monday. The company has a market capitalization of $49.36 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.70 and a current ratio of 0.91. The company’s fifty day moving average price is $111.05 and its 200 day moving average price is $109.98. Entergy Corporation has a 1 year low of $86.40 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Entergy had a net margin of 13.40% and a return on equity of 10.53%. During the same quarter in the previous year, the company earned $1.05 earnings per share. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. On average, research analysts predict that Entergy Corporation will post 4.4 earnings per share for the current year.

Entergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.56 dividend on an annualized basis and a yield of 2.4%. Entergy’s dividend payout ratio is presently 65.64%.

Wall Street Analyst Weigh In

ETR has been the subject of several research reports. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Morgan Stanley set a $105.00 target price on shares of Entergy and gave the stock an “equal weight” rating in a report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Truist Financial set a $122.00 price objective on Entergy and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Evercore reissued an “outperform” rating and issued a $128.00 price objective on shares of Entergy in a report on Monday, August 17th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Entergy currently has an average rating of “Moderate Buy” and a consensus target price of $120.84.

Insider Transactions at Entergy

In other Entergy news, Director Ralph Lewis Ropp acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the transaction, the director directly owned 3,423 shares of the company’s stock, valued at $363,111.84. This represents a 41.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Haley Fisackerly sold 10,638 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider owned 14,182 shares in the company, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Entergy Company Profile

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.